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PPL Corp. (NYSE:PPL) and Delek US Holdings (NYSE: Do not know) mentioned Friday that they had been chosen by the U.S. Division of Power’s Workplace of Clear Power Demonstrations to assist finance particular person carbon seize and storage initiatives.
PPL (PPL) mentioned the corporate and her analysis companions had been chosen for a Negotiating the value of $72 million to assist fund a carbon dioxide seize analysis and growth mission anticipated to value not less than $100 million.
The mission and new carbon seize system shall be hosted at PPL (PPL) subsidiaries Louisville Fuel and Electrical and Kentucky Utilities’ Cane Run 7 pure gasoline mixed cycle energy plant.
Delek US (DK) mentioned the DoE has chosen it to barter a cost-sharing settlement to assist a carbon seize pilot mission on the Massive Spring refinery in Texas, and to supply as much as $95 million in federal funding to assist the assist its growth.
The mission will make the most of Svante Applied sciences’ carbon seize know-how on the Massive Spring Refinery’s fluid catalytic cracking unit, whereas sustaining current manufacturing capabilities and throughput schedule; The mission is predicted to seize 145,000 tons of carbon dioxide per 12 months.